New IFAC report explores how professional accountants in business and the public sector are stepping up to support their organizations through chaotic times
Organizations globally are operating in an economic environment unlike any in recent memory. Finance and business leaders face a difficult balancing act between confronting short-term realities and ensuring future pathways to resilience through investment and innovation.
IFAC’s Professional Accountants in Business (PAIB) Advisory Group has compiled insights on how professional accountants are navigating uncertain global conditions and expanding their roles in both the private and public sectors in a new report, Professional Accountants as Finance and Business Leaders.
The report explores the key role of PAIBs in:
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Digitalization of finance and accounting, with a case study on Procter & Gamble;
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Driving sustainable value creation through an integrated mindset, with a case study on Natura & Co;
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Corporate governance and oversight of sustainability and ESG;
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The growing B-Corps movement; and
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Sustainable financing.
Sanjay Rughani, IFAC PAIB Advisory Group Chair, said: “Even in volatility and uncertainty, there are opportunities to disrupt, reinvent, and innovate to create value for businesses and for society. Professional accountants in business and the public sector must seize new opportunities in the digital and sustainability transitions of organizations and economies.”